Hummingbird Resources (HUM)

Sector:

Mining

Index:

FTSE AIM All-Share

24.90p
   
  • Change Today:
    -1.10p
  • 52 Week High: 28.50p
  • 52 Week Low: 13.00p
  • Currency: UK Pounds
  • Shares Issued: 353.69m
  • Volume: 868,588
  • Market Cap: £88.07m
  • Beta: 0.08

Hummingbird Resources swings to interim loss as production costs rise

By Duncan Ferris

Date: Friday 23 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Hummingbird Resources reported interim revenue growth on Friday but said it swung to a loss as production costs increased following construction work at its Yanfolila gold mine in Mali.
The gold production, development and exploration company swung to a loss before tax of $5.8m from a profit of $3.5m the year before as production costs rose 17% to $44.9m following the construction of a second ball mill at the Yanfolila site, which is expected to reduce costs through the remainder of the year.

Reported revenue of $67.1m for the six months ended 30 June was a 1% improvement on the same period last year, as production remained steady at 51,273 ounces of gold. Of this, 51,034 ounces were sold at an average price of $1,304 per ounce.

Hummingbird also maintained its 2019 production guidance at 110,000 to 125,000 ounces due to the positive impact of the ball mill.

Chief executive Dan Betts said: "Beyond our current guidance for this year, we are targeting production of around 130,000 ounces of gold per year from 2020 at Yanfolila, a circa. 20% increase from our feasibility study. We plan to continue our recent positive momentum into to the second half of the year and thank everyone who has continued to support us to this point."

Hummingbird Resources shares were up 1.58% at 22.50p at 1243 BST.

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HUM Market Data

Currency UK Pounds
Share Price 24.90p
Change Today -1.10p
% Change -4.23 %
52 Week High 28.50p
52 Week Low 13.00p
Volume 868,588
Shares Issued 353.69m
Market Cap £88.07m
Beta 0.08

HUM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.74% above the market average79.74% above the market average79.74% above the market average79.74% above the market average79.74% above the market average
71.19% above the sector average71.19% above the sector average71.19% above the sector average71.19% above the sector average71.19% above the sector average
Price Trend
17.64% above the market average17.64% above the market average17.64% above the market average17.64% above the market average17.64% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HUM Dividends

No dividends found

Trades for 22-Oct-2019

Time Volume / Share Price
16:35 5,001 @ 24.90p
16:29 3,952 @ 25.00p
16:15 4,283 @ 24.78p
15:53 4,000 @ 25.00p
15:13 278 @ 24.75p

HUM Key Personnel

Finance Director Thomas Hill

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